Buying a new truck this week, should i buy new or used?

Sarabeara,

Did you find any work for that new truck of yours that is giving you so much grief?

 

Wow I wasn't expecting the dealership to be so high. My first loans were at 6.75% and 7% but I was financing 2 trucks and trailers. I have also used my HELOC to get my interest rate down. Also take a look at ATB Financial who I went through.

I know daf said to look at a fixed rate which provides you with predictable payment but I would look at variable myself as they have more flexible early payment terms in my opinion. I can make early payments of any amount. The flip side is your rate is tied to the prime rate but with the economy I wouldn't expect to see it increase for about a year.

 

Overall, I have not heard of any major problems with them. A few small things happen but what truck doesn't have these issues.

 

Between myself and another person we have 7 Macks. The only issues I have had are a fan being replaced and some coolant leaks and sensor codes. The only issue I know he has had is a braking thing but it was due to the driver taking corners so fast it was engaging the ABS to prevent a roll. Other than regular maintenance, I have spent less than $1000 between my three trucks in the combined 375,000km. I did pay for the extended warranty which covers the full drive train, chassis and emissions for 3yr.

The other owner uses his four running gravel with Super Bs in the city. So a much different environment then what I do which are 400km round trips hauling cement and flyash.

 

Tell them you will field test the M drive trans, and talk it up around town. For a price.....!

I personally don't see much difference between the 3.98-4.11.

 

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I've never bought my own truck, that said, I think getting a good accountant would've been one of the first things I would do. Just Sayin.

I'm sure those Mack rears are good...they're as good as you are. Big Rockwells will break too.

 

I do! I went to asphalt hauling. I'm keeping my fingers crossed that I wont have any more grief. Thanks so much for asking!